Pashinyan: Armenia to reduce the number of cash transactions

ArmBanks.am, Armenia
Feb 1 2020

01.02.2020 17:12

YEREVAN, February 1. /ARKA/. Armenian Prime Minister Nikol Pashinyan told a discussion of the draft law on non-cash transaction that his government will be consistent in reducing the number of cash transactions since this issue is important not only from the point of view of the economy, the fight against corruption, but also in a civilizational sense.

He emphasized that the process of increasing the number and volume of non-cash transactions and digitizing electronic transactions and functions is one of the significant directions. He said this process will lead to serious changes in the quality of life of the citizens.

During the meeting it was noted that over the past two years, the number of cashless transactions has increased several times, including through foreign bank cards.

The participants also touched upon measures aimed at stimulating cashless operations, providing appropriate infrastructures and the forthcoming steps in this direction.

The head of government instructed the heads of relevant agencies to elaborate the draft law, taking into account the submitted proposals and observations. – 0–

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS